How will the Indian markets likely react to rate cut cues for September? Analysts see positives in the Federal Open Market Committee (FOMC), maintaining the benchmark interest rate at 5.25-5.50 per cent on Wednesday, while also signaling a potential rate cut in September. The US central bank has kept interest […]
Fed rate announcement
Gold prices witnessed their best monthly performance since March on Wednesday, driven by geopolitical concerns and expectations of an interest rate cut in September, with attention turning to the U.S. Federal Reserve’s upcoming policy decision. As of 1341 GMT, spot gold rose 0.7% to $2,424.29 per ounce, marking a gain […]